Today's Event and Intraday Calls 31-03-2010

• SELL ICICIBANK FUT 961 STOPLOSS 967 TARGET 956/953/943(1ST TARGET ACHIEVED)
• SELL TATAMOTORS FUT 745.50 STOPLOSS 748 TARGET 737/734.75(1ST TARGET ACHIEVED)

31 Mar 2010

Key Events :

Srinivasa Hatcheries board to consider bonus issue

• Srinivasa Hatcheries has informed that a meeting of the Board of Directors of the Company will be held on March 31, 2010 to consider, the recommendation for issue of bonus shares to the existing shareholders of the Company

Corporate Actions :

1. BLUEDART,AGM/DIV-RE.1/- PER SHARE,Ex Dt: Mar 31 2010,St Dt: Apr 6 2010 End Dt: Apr 13 2010

2. HONAUT,DIVIDEND-RS.10 PER SHARE,Ex Dt: Mar 31 2010,St Dt: Apr 6 2010 End Dt: Apr 15 2010

Today's Event and Intraday Call 30-03-2010

Commodity Update:

• BUY Mcx COPPER 349.60 Stoploss 347.60 Target 351.10/353.40(BOTH TARGET ACHIEVED 100% PROFIT)

Equity Update:

• SELL SAIL 245.80 STOPLOSS 247.10 TARGET 243.90/242.90 (1ST TARGET ACHIEVED)
• SELL BHEL FUT 2409 STOPLOSS 2417.75 TARGET 2386.75/2371.90( BOOK PROFIT AT 2392 AND LOW 2388)

30 Mar 2010

Corporate Actions :

1. CIMCOBIRLA,CAPITAL REDUCTION,Ex Dt: Mar 30 2010,Rcd Dt: Mar 31 2010

2. FAGBEARING,DIVIDEND-RS.4.50 PR SHARE,Ex Dt: Mar 30 2010,St Dt: Apr 1 2010 End Dt: Apr 5 2010

3. RELIGARE,INT DIV-RS.2/- PER SHARE,Ex Dt: Mar 30 2010,Rcd Dt: Apr 1 2010

31 Mar 2010

Investment Call - Everest Industries Ltd. Target Rs 205

Everest Industries Ltd., formerly known as Eternit Everest commenced business by taking over, as a growing concern, the erstwhile Asbestos Cement (India) at Kymore, Madhya Pradesh. The company manufactures fibre based cement products,such as sheets for roofing and interiors as well as Non Asbestos flat sheets for varied applications including pre-fab housing. The company was the first to manufacture asbestos cement roofing sheets in India at its first factory commissioned in May '34. Its manufacturing business was progressively expanded by establishing a second sheeting factory at Mulund, Bombay, in 1937, a third one at Calcutta in Oct.'38 and a fourth at Podanur (near Coimbatore), Tamilnadu, in Nov.'53. In Sep.'57, a another sheeting plant was installed at the Kymore factory. Plants to manufacture pipes were added between 1938 and 1963. Its "Everest" brand enjoys huge brand equity.Besides roofing,the company has introduced a range of new generation products called E-Board Classic for varied applications in interiors. In 1988-89, Turner & Newall International, UK, sold its stake in the company to Eteroutremer, Belgium, the holding company of the Eternit group, Belgium. It obtained central government approval to shift part of the production capacity of the Mulund works to Nashik and to shift the balance capacity within one year from the date of commissioning of the factory at Nasik. The company is venturing into non-asbestos-based roofing and panelling products. In addition to the fire-resistant boards being developed with the active assistance of the Etex group, the company has also initiated the introduction of passive fire protection systems with technical support from an Etex group company. It has obtained ISO-9002 and ISO 14001 certification for its Podanur works. The Etex Group, through its subsidiary Nefibouw BV of Netherlands acquired during 2000-2001, 0.54% of equity shares from the open market to take the Group's stake to 50%. In Feb. 2002 Associated Cement Companies, has acquired 74,00,010 equity shares (cositituting 50% of the total equity capital) by Inter se transfer between promoters. Total shareholding of voting rights after this acquisition comes to 1,12,50,030 equity shares (constituting 76.01 % of the total equity capital of the company). The company is Modernising its Podanur, Kymore and Kolkatta works and the these projects have been completed The company has expanded the increased capacity of Fibre Cement/Asbestos Cement products during the financial year 2002-03 by 72000 MT and with this expansion,the total capacity has risen to 360000 MT. ACC is holding 76.01% stake in Everest Industries as on 31.03.2004. Adani Port Infrastructure Ltd and Accurate Finstock Pvt Ltd have announced an open offer to acquire 20% stake in Everest Industries during April 2004.The open offer follows the agreement entered into by Swiss based Holcim which has signed a pact with Adani Ports to offload ACC's present stake of 76.01% in Everest Industries.

Today's Event and Intraday Calls 29-03-2010

• SELL BANKNIFTY FUT 9535 STOPLOSS 9560 TARGET 9499/9450 (SL Trig)
• SELL TATSTEEL FUT & CASH 644.50 & 645.75 STOPLOSS 647&648 TARGET 641& 639.(BOTH TARGET ACHIEVED 100% PROFIT)
• SELL SBIN FUT 2099 STOPLOSS 2111 TARGET 2090/2076(SL TRIG)

29 Mar 2010

New Listings :

• DQE

Corporate Actions :

1. DHANUS,Annual General Meeting,Ex Dt: Mar 29 2010,St Dt: Mar 31 2010 End Dt: Mar 31 2010

2. M&M,FV SPLIT RS.10 TO RS.5,Ex Dt: Mar 29 2010,Rcd Dt: Mar 30 2010

Event 29 Mar - 04 Apr 2010

29 Mar 2010

New Listings :

• DQE

Corporate Actions : 1. DHANUS,Annual General Meeting,Ex Dt: Mar 29 2010,St Dt: Mar 31 2010 End Dt: Mar 31 2010 2. M&M,FV SPLIT RS.10 TO RS.5,Ex Dt: Mar 29 2010,Rcd Dt: Mar 30 2010

30 Mar 2010

Corporate Actions :

1. CIMCOBIRLA,CAPITAL REDUCTION,Ex Dt: Mar 30 2010,Rcd Dt: Mar 31 2010

2. FAGBEARING,DIVIDEND-RS.4.50 PR SHARE,Ex Dt: Mar 30 2010,St Dt: Apr 1 2010 End Dt: Apr 5 2010

3. RELIGARE,INT DIV-RS.2/- PER SHARE,Ex Dt: Mar 30 2010,Rcd Dt: Apr 1 2010

31 Mar 2010

31 Mar 2010

Key Events :

Srinivasa Hatcheries board to consider bonus issue

• Srinivasa Hatcheries has informed that a meeting of the Board of Directors of the Company will be held on March 31, 2010 to consider, the recommendation for issue of bonus shares to the existing shareholders of the Company

Corporate Actions :

1. BLUEDART,AGM/DIV-RE.1/- PER SHARE,Ex Dt: Mar 31 2010,St Dt: Apr 6 2010 End Dt: Apr 13 2010

2. HONAUT,DIVIDEND-RS.10 PER SHARE,Ex Dt: Mar 31 2010,St Dt: Apr 6 2010 End Dt: Apr 15 2010

1 Apr 2010

No Events Scheduled for the Day

2 Apr 2010

No Events Scheduled for the Day

3 Apr 2010

No Events Scheduled for the Day

4 Apr 2010

No Events Scheduled for the Day

Last Week Report of Our Indian Market

Indian stocks had a mixed week with the Sensex ending the shortened week (the market were closed on Wednesday on account of Ram Navmi) marginally higher by 66 points. The week started with the market softening in the very start following the Reserve Bank of India (RBI) hiking the repo and reverse repo (25 basis points each; the repo and reverse rate were hiked to 5% and 3.5% respectively) and growing concerns from the 11-nation Euro zone—first over conflicting signals from the currency bloc on resolving Greece’s debt problems and second over Fitch Ratings lowering Portugal's sovereign credit outlook. Despite, the Indian indices did well to close at 17645, bouncing back from the week’s low of 17337, a change of 307 points or 1.77%. The Sensex made an about turn in the final hour of the expiry day and closed over 100 points higher. It also managed to end the week on a positive note with gains of 86 points on Friday. The market did not show much activity earlier in the week and traded within a tight band. Though the continuous flushing of funds by the FIIs doubled with the good expiry helped the Indian markets to trade a bit in an active mode and swing by over 345 points or 2% in a week. This is the second consecutive week that markets have shown reasonable movement. At the end of the week, the Sensex and the Nifty managed to hold on the important levels—17600 for Sensex and 5250 for Nifty. Sensex surged marginally by 66 points (+0.38%), while the Nifty rose by 19 points (+0.36%). The passage of US Heathcare Reform Bill brought a right pill for the Indian healthcare stocks, which jumped by 2.59%, the most among the BSE’ sector indices. The fast moving consumer goods (FMCG) scrips followed suit and closed 1.19% higher. RBI’s surprise rate hike acted as a dampener for interest rate-sensitive realty counter that declined the most for the week—by 4.05%—followed by TECk stocks that fell by 3.26%. The remaining sector indices ended with listless gains or losses. Out of 13 BSE sector indices, six ended in negative and seven in positive. Among ‘A’ group stocks, Areva T&D surged the most with gains of over 12.52%, while stocks like Gujarat NRE Coke and Sintex Industries followed posted gains of 9.14% and 7.29% respectively. Among losers, NMDC fell the most, by 16.86%, and dipped below its follow-on public offering (FPO) issue price of Rs300; Shree Renuka Sugars and Rastriya Chemicals & Fertilisers (RCFT) declined by 7.9% and 7.34% respectively. FIIs remained the net buyers till Thursday and a second week in a row with the net investment of Rs1,149 crore, whereas mutual funds stood as the net seller to the tune of Rs360 crore. The Nifty ended the week on a high note with the significant physiological 5300 level nearing; we suggest investors to remain cautious as markets are not trading at cheap valuations (current Sensex P/E of over 21 times) and we might see selling pressure owing to profit booking at higher levels in the coming period. The market awaits two important triggers in April— First, RBI’s quarterly monetary policy review on April 20, 2010. Despite the recent rate hike, the market observers expect one more surprise rate hike before the policy announcement, as RBI has recently signaled the tightening of the policy to control the spiraling inflation. Second, the Q4 earnings of India as well as FY2010 and FY2011 earnings guidance, which are expected to be downgraded on the back of rising interest rates in the coming period. However, as said in the last report, Indian market has become a slave of foreign money and is dancing on the tunes of the FII flows. Thus, the FII flows will be an important factor in deciding market fate in coming times.

Investment Call -- SUZLON (2-4 months)

BUY SUZLON ENERGY AT CMP TARGET 175 Suzlon Energy, a leading WTG manufacturers in India is Asia's strongest growing fully integrated wind power company and ranks amongst the top ten in the world. Suzlon integrates consultancy, design, manufacturing, operation and maintenance services to provide customers with total wind power solutions Suzlon is one of the fastest growing Wind Energy companies in the world. The key to companies meteoric growth has been companies vision of creating world-class products by adopting the best of everything from around the globe. Suzlon has a subsidiary in Germany for technology development, an R&D facility in the Netherlands for rotor blade molding and tooling, and Wind Turbine and rotor blade manufacturing facilities in India. All this is backed up by stringent international quality control and assurance systems like ISO 9001:2000 and Type certification. The Company was incorporated in 1995 by Tulsi Tanti. Tulsi Tanti was primarily in the textile business and was introduced to wind energy through a wind power project that he had commissioned for his textile factory. The first subscribers to the Memorandum were the family members and friends of Tulsi Tanti. The Company entered into a technical collaboration agreement in 1995 with a German company, Sudwind GmbH Windkrafttanlagen to source the latest technology for the production of WTGs in India. Sudwind GmbH Windkrafttanlagen was subsequently taken over by Sudwind Energiesysteme GmbH ('Sudwind'). The parties entered into a fresh agreement dated September 30, 1996, under which Sudwind proposed to share technical knowhow relating to 0.27 MW, 0.30 MW, 0.35 MW, 0.60 MW and 0.75 MW WTGs in consideration for royalty to be paid on the basis of each WTG sold over the course of five years from the date of this agreement. The Company obtained the official non-exclusive, non-transferable license for the manufacturing, marketing, dealing and servicing of APX-60 type blades from the trustee of Aerpac B.V. upon its liquidation, for consideration of Euro 200,000 vide an agreement that was entered into between the trustee of Aerpac B.V. and the Company dated June 4, 2001. This license is valid for an indefinite period. The Company entered into an agreement dated April 10, 2001 with Enron Wind Rotor Production B.V. for the acquisition of the moulds and the production line and technical support and assistance for the production of the rotor blade type APX 60-P in India for total consideration of Euro 500,000. Enron has granted these rights for the manufacturing, marketing and dealing with the products for an indefinite period. The Company introduced the concept of total solutions wherein, in addition to the supplies of equipments, the client is offered project execution work comprising land acquisition, site development, erection and commissioning, foundation and other civil work and O&M services. These services are offered in conjunction with the Associate Companies. SWSL, a subsidiary of the Company, was incorporated in 1998 with the objective of providing O&M for wind power projects set up by the Company. The Company has also set up technological development centres in Germany and The Netherlands through wholly-owned subsidiaries. SEG, incorporated in 2001 and earlier known as AX 215 Verwaltungsgesellschaft mbH became a wholly-owned subsidiary of the Company in 2002. AERT, a wholly owned subsidiary of AERH, which in turn is a wholly owned subsidiary of the Company, was incorporated in 2001 to engage in the development of technology for rotor blades, a key component of WTGs. Further, Suzlon Energy A/S, a wholly-owned subsidiary of the Company was incorporated in August, 2004 to supervise the international marketing activities of the Company. It is proposed that the entire non-India marketing activities of the Company shall be coordinated through Suzlon Energy A/S. SWECO, now a wholly-owned subsidiary of the Suzlon Energy A/S, was incorporated in 2001 to market, the WTGs manufactured by the Company in U.S.A. Further, Suzlon Energy A/S has another wholly-owned subsidiary, Suzlon Energy Australia Pty Limited, which was incorporated in 2004 to access the wind energy market in Australia. Suzlon Energy B.V. earlier known as AE-Rotor B.V., The Netherlands, a wholly-owned subsidiary of AERH, which is a wholly-owned subsidiary of the Company, was incorporated in 2001 to market the rotor blades manufactured by the Company. Cannon Ball Wind Energy Park-I, LLC ('Cannon Ball') was incorporated as a limited liability company in July, 2002 for the purpose of setting up a wind power project in North Dakota, USA. Cannon Ball is a wholly-owned subsidiary of SWECO which is a subsidiary of Suzlon Energy A/S. Further, a representative office of the Company was also set up in China in 2003 to explore the Chinese market.Suzlon's Suzlon Energy Limited has taken a step further for establishing its presence in China by commencing the establishment of a wind turbine generator manufacturing facility in China through its wholly owned subsidiary Suzlon Energy (Tianjin Limited, The said manufacturing facility which is scheduled to commence its commercial operations by about Second quarter of financial year 2006-2007 would cater to the energy needs of China. The companies product range includes 0.35 MW, 0.60 MW, 0.95 MW, 1.00 MW, 1.25 MW and 2.00 MW WTGs Suzlon Energy also has the distinction of introducing the concept of large wind parks in Asia and has gone on to build some of the largest wind parks in Asia including the world's largest wind park of its kind. Further, Suzlon's status as a force to reckon with in the wind energy industry came with the World Wind Energy Association's award for the year 2003, recognizing its contribution in disseminating wind energy worldwide.

Today's Event & Intraday Calls 26-03-2010

Commodity Update:

• Buy MCX Nickel 1038-1040 Stoploss-1029 Target-1050/1057/1065(TARGET ACHIEVED)

Equity Update:

• SELL SUNPHARMA FUT 1776 STOPLOSS 1790.70 TARGET 1765/1759 (BOTH Target Achieved 100% PROFIT)
• SELL BHEL 2388/2392 STOPLOSS 2409 TARGET 2368/2349(1ST Target Achieved)
• SELL RPOWER 150.20 STOPLOSS 151.50 TARGET 149.30/148.40 IN CASH ONLY(BOTH Target Achieved 100% PROFIT )
• SELL MARUTI FUT 1406 STOPLOSS 1415.50 TARGET 1390.60/1365.70

26 Mar 2010

Key Events :

• Goenka Diamond & Jewels IPO closes on Mar 26
• Intrasoft Technologies IPO closes on Mar 26

Corporate Actions :

1. ENGINERSIN,SPECIAL INTERIM DIVIDEND,Ex Dt: Mar 26 2010,Rcd Dt: Mar 29 2010

2. KMSUGAR,FV SPLIT RS.10 TO RS.2,Ex Dt: Mar 26 2010,Rcd Dt: Mar 29 2010

Today's Event and Intraday Calls 25-03-2010

• BUY TATAMOTORS APR FUT OR CASH 720/722 STOPLOSS 715 TARGET 730/740/744
• BUY IFCI IN CASH 50.25 STOPLOSS 49.75 TARGET 51.30/52.85

OUR BTST ON 23-03-2010 : BUY ABAN APR FUT OR CASH 1189 STOPLOSS 1172 TARGET 1203/1221 (1ST TARGET ACHIEVED)

25 Mar 2010

Key Events :

• F&O Expiry for the month of March

Corporate Actions : 1. SOFTTECHGR,Annual General Meeting,Ex Dt: Mar 25 2010,St Dt: Mar 29 2010 End Dt: Mar 29 2010

Today's Event and 23-03-2010

• SELL JSWSTEEL APR FUT OR CASH 1268 STOPLOSS 1276 TARGET 1253/1247(Profit Book AT 1258)
• BTST : BUY ABAN APR FUT OR CASH 1189 STOPLOSS 1172 TARGET 1203/1221

23 Mar 2010

Key Events :

• Shree Ganesh Jewellery House Ltd IPO closes on Mar 23
• Engineers India to consider bonus & stock split

Engineers India has informed that a meeting of the board of directors of the company will be held on March 23, 2010, to consider the proposal for the issue of bonus shares by capitalising free reserves of the company. Further, the company has informed that, the board in the same meeting shall also consider the proposal of splitting of shares of the company

Corporate Actions :

1. ACC,DIVIDEND-RS.13/- PR SHARE,Ex Dt: Mar 23 2010,St Dt: Mar 26 2010 End Dt: Apr 8 2010

2. ADANIENT,RIGHTS 1:16 @PREM RS.474,Ex Dt: Mar 23 2010,Rcd Dt: Mar 25 2010

3. NATIONALUM,INTERIM DIVIDEND,Ex Dt: Mar 23 2010,Rcd Dt: Mar 25 2010

Events 22 Mar 2010 - 28 Mar 2010

22 Mar 2010

Corporate Actions : 1. IPCALAB,FV SPLIT RS.10 TO RS.2,Ex Dt: Mar 22 2010,Rcd Dt: Mar 23 2010

2. KINETICMOT,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 30 2010

3. LYKALABS,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 30 2010

4. PSTL,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 30 2010

5. SMPL,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 25 2010

6. SUJANATOW,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 25 2010

7. SUJANAUNI,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 25 2010

23 Mar 2010

Key Events :

• Shree Ganesh Jewellery House Ltd IPO closes on Mar 23
• Engineers India to consider bonus & stock split

Engineers India has informed that a meeting of the board of directors of the company will be held on March 23, 2010, to consider the proposal for the issue of bonus shares by capitalising free reserves of the company. Further, the company has informed that, the board in the same meeting shall also consider the proposal of splitting of shares of the company

Corporate Actions :

1. ACC,DIVIDEND-RS.13/- PR SHARE,Ex Dt: Mar 23 2010,St Dt: Mar 26 2010 End Dt: Apr 8 2010

2. ADANIENT,RIGHTS 1:16 @PREM RS.474,Ex Dt: Mar 23 2010,Rcd Dt: Mar 25 2010

3. NATIONALUM,INTERIM DIVIDEND,Ex Dt: Mar 23 2010,Rcd Dt: Mar 25 2010

24 Mar 2010

No Events Scheduled for the Day

25 Mar 2010

Key Events :

• F&O Expiry for the month of March

Corporate Actions :

1. SOFTTECHGR,Annual General Meeting,Ex Dt: Mar 25 2010,St Dt: Mar 29 2010 End Dt: Mar 29 2010

26 Mar 2010

Corporate Actions :

1. ENGINERSIN,SPECIAL INTERIM DIVIDEND,Ex Dt: Mar 26 2010,Rcd Dt: Mar 29 2010

2. KMSUGAR,FV SPLIT RS.10 TO RS.2,Ex Dt: Mar 26 2010,Rcd Dt: Mar 29 2010

27 Mar 2010

No Events Scheduled for the Day

28 Mar 2010

No Events Scheduled for the Day

Today's Event & Intraday Calls 22-03-2010

• BUY IBREALEST FUT 154.80 STOPLOSS 151.75 TARGET 160.50/163(Stoploss trig.)
• SELL TATAPOWER CASH OR FUT 1368, STOPLOSS 1381, TARGET 1355/1337 IN CASH OR FUT (BOTH TARGET ACHIEVED 100% PROFIT)

22-Mar-2010

Corporate Actions :

1. IPCALAB,FV SPLIT RS.10 TO RS.2,Ex Dt: Mar 22 2010,Rcd Dt: Mar 23 2010

2. KINETICMOT,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 30 2010

3. LYKALABS,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 30 2010

4. PSTL,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 30 2010

5. SMPL,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 25 2010

6. SUJANATOW,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 25 2010

7. SUJANAUNI,Annual General Meeting,Ex Dt: Mar 22 2010,St Dt: Mar 25 2010 End Dt: Mar 25 2010

Today's Event and Intraday Calls 19-03-2010

• BUY M&M FUT 1081 Stoploss 1071 Target 1097/1103/1119
• SELL SAIL FUT 247.85 Stoploss 250.30 Target 245.90/243.
• DELIVERY CALL BUY STER 824 Stoploss 817 Target 836/863

19 Mar 2010

Key Events :

• Persistent Systems Ltd IPO closes on Mar 19

Corporate Actions : • AFL,INT DIV-RS.1.50 PER SHARE,Ex Dt: Mar 19 2010,Rcd Dt: Mar 22 2010

• GODREJCP,ANNUAL BOOK CLOSURE,Ex Dt: Mar 19 2010,St Dt: Mar 23 2010 End Dt: Mar 23 2010

• LAKSHMIEFL,AGM/DIV-RE.0.50 PER SHARE,Ex Dt: Mar 19 2010,St Dt: Mar 23 2010 End Dt: Mar 27 2010

SEL to set up Rs800 crore textile plant in MP

SEL Manufacturing (SEL) has planned to set up a new facility near Bhopal, Madhya Pradesh, with the total outlay of Rs800 crore. The proposed plant would have installed capacity of 1,95,840 spindles. With the setting up of the plant, the total installed capacity of SEL would reach 4 lakh spindles. It would help the company to be self-dependent in the terms of yarn for its ever-growing demand of knitted garments and terry towel. The company plans to raise $50 million (Rs226 crore) through global depository receipts (GDR). In the first phase of GDR, the company has already raised $10 million and is in the process of coming out with the second phase of GDR, which would be completed in around next 10 days.

Today's Event and Intraday Calls 18-03-2010

• Sell SAIL Fut 244.50 Stoploss 247.85 Target 242.50/240.05(1ST Target Achieved)
• Sell INFOSYSTECH 2772 Stoploss 2790 Target 2752/2726
• Buy ABANOFFSHORE 1230 Stoploss 1220 Target 1255/1282

18 Mar 2010

Key Events :

Manappuram board to consider bonus & stock split

Manappuram has informed that the meeting of the board of directors of the company will be held on March 18, 2010 to consider the bonus issue and split of / subdivision of shares.

Corporate Actions :

• IVRCLINFRA,BONUS 1:1,Ex Dt: Mar 18 2010,Rcd Dt: Mar 19 2010

• MERCK,DIVIDEND-RS.20/- PR SHARE,Ex Dt: Mar 18 2010,St Dt: Mar 20 2010 End Dt: Mar 29 2010

• NTPC,INTERIM DIVIDEND,Ex Dt: Mar 18 2010,Rcd Dt: Mar 19 2010

• SUPRAJIT,BON 1:1/FV SPL RS.5TORE.1,Ex Dt: Mar 18 2010,Rcd Dt: Mar 20 2010

• VIDEOIND,AGM/DIV-RS.2/RH2:9@PRM215,Ex Dt: Mar 18 2010,St Dt: Mar 22 2010 End Dt: Mar 30 2010

Today's Event and Intraday Calls 17-03-2010

• SELL BANKNIFTY FUT 9170 Stoploss 9200 Target 9153/9118/9077(Stoploss Trigered)
• SELL SUNPHARMA FUT 1702 Stoploss 1711 Target 1693/1685.15(Stoploss Trigered)
• SELL TATASTEEL FUT 640 Stoploss 644.05 Target 632.50/624(First Target Achieved, Book Profit)

Key Events :

Persistent Systems Ltd IPO opens on Mar 17

• Persistent Systems Ltd initial public offering (IPO) opens on March 17, 2010 and closes on March 19, 2010. Price Band is Rs290 to Rs310 per equity share of face value Rs10/- each.

Corporate Actions :

• ARIHANT,AGM/DIV-RS.1/- PER SHARE,Ex Dt: Mar 17 2010,St Dt: Mar 19 2010 End Dt: Mar 26 2010

Intraday Calls 16-03-2010

• Sell JSWStEEL Fut 1185.55 SL 1191 Target 1178.35/1176(BOOK PROFIT AT 1180 and LOW 1179.75)
• Sell RANBAXY 472.50 SL 477 Target 465/463.15/456.30

EVENTS ON 15 MAR - 21 MAR

15 Mar 2010 Key Events :

• Pradip Overseas Ltd IPO closes on Mar 15 IL&FS Transportation Networks Ltd IPO closes on Mar 15

New Listings :

• TAMBOLI

Economic Events :

• Inflation jumps to 9.89% in February

Corporate Actions :

• HINDDORROL,BONUS 1:1,Ex Dt: Mar 15 2010,Rcd Dt: Mar 17 2010

• LML,Annual General Meeting,Ex Dt: Mar 15 2010,St Dt: Mar 18 2010 End Dt: Mar 25 2010

• NEYVELILIG,INT DIV-RE.1/- PER SHARE,Ex Dt: Mar 15 2010,Rcd Dt: Mar 17 2010

• PIDILITIND,BONUS 1:1,Ex Dt: Mar 15 2010,Rcd Dt: Mar 17 2010

• PRISMCEM,2ND INT DIV-RS.1.50 P SHR,Ex Dt: Mar 15 2010,Rcd Dt: Mar 17 2010

• RENUKA,BONUS 1:1,Ex Dt: Mar 15 2010,Rcd Dt: Mar 17 2010

16 Mar 2010

New Listing:

Rossell Tea will be list on March 16

• Rossell Tea equity shares will be list on March 16, 2010 at BSE. BSE Scrip code: 533168, Sharekhan code: ROSSELLTEA

17 Mar 2010

Key Events :

Persistent Systems Ltd IPO opens on Mar 17

• Persistent Systems Ltd initial public offering (IPO) opens on March 17, 2010 and closes on March 19, 2010. Price Band is Rs290 to Rs310 per equity share of face value Rs10/- each.

Corporate Actions :

• ARIHANT,AGM/DIV-RS.1/- PER SHARE,Ex Dt: Mar 17 2010,St Dt: Mar 19 2010 End Dt: Mar 26 2010

18 Mar 2010

Key Events :

Manappuram board to consider bonus & stock split

• Manappuram has informed that the meeting of the board of directors of the company will be held on March 18, 2010 to consider the bonus issue and split of / subdivision of shares.

Corporate Actions :

• IVRCLINFRA,BONUS 1:1,Ex Dt: Mar 18 2010,Rcd Dt: Mar 19 2010

• MERCK,DIVIDEND-RS.20/- PR SHARE,Ex Dt: Mar 18 2010,St Dt: Mar 20 2010 End Dt: Mar 29 2010

• NTPC,INTERIM DIVIDEND,Ex Dt: Mar 18 2010,Rcd Dt: Mar 19 2010

• SUPRAJIT,BON 1:1/FV SPL RS.5TORE.1,Ex Dt: Mar 18 2010,Rcd Dt: Mar 20 2010

• VIDEOIND,AGM/DIV-RS.2/RH2:9@PRM215,Ex Dt: Mar 18 2010,St Dt: Mar 22 2010 End Dt: Mar 30 2010

19 Mar 2010

Key Events :

• Persistent Systems Ltd IPO closes on Mar 19

Corporate Actions :

• AFL,INT DIV-RS.1.50 PER SHARE,Ex Dt: Mar 19 2010,Rcd Dt: Mar 22 2010

• GODREJCP,ANNUAL BOOK CLOSURE,Ex Dt: Mar 19 2010,St Dt: Mar 23 2010 End Dt: Mar 23 2010

• LAKSHMIEFL,AGM/DIV-RE.0.50 PER SHARE,Ex Dt: Mar 19 2010,St Dt: Mar 23 2010 End Dt: Mar 27 2010

No Event On 20 Mar and 21 Mar

Investment Call - Buy SEL Manufacturing Company

Buy SEL manufacturing company. Current market price: 84.25, Long term target: 168.50. Book value: 166.63. P/E ratio: 2.47

• SEL manufacturing company are the manufacturers, exporters of all types of knitted garments. They have in house spinning, knitting, dyeing, Finishing and Garmenting to meet the demand of price conscious and quality conscious market. They do all types of knitted products. Their basic Products include T-shirts, Polo shirt, Sweat shirt, Boxer shorts, Girls top etc. They make 30-35 thousand garments daily. R S Saluja Group was established in the year 1969 for manufacturing ready-made garments for Domestic Market. Over the year’s company grown to a Pioneer position in exports, supplying yarns, fabrics and garments to major markets in Russia and Middle East. At present Company have FOUR state of the art garmenting units, one knitting unit and complete state of the art processing house and 50000 spindles cotton yarn spinning. Strong competencies in product development, manufacturing and marketing, are complimented by their most significant advantage in textiles that they make their own yarns and fabrics to meet quality and shipment time of Garments. Their group-wide initiatives to achieve manufacturing and supply chain excellence, close collaboration with their suppliers, and sales offices at the customer’s doorstep all guarantee fast and flexible solutions. With decades of expertise and excellence of meeting the discerning needs of niche client’s world wide, SEL Manufacturing Company Ltd. has laid out ambitious plans of product capacity augmentation to continue its proud contributions in the world of premium quality cotton - yarn, fabrics and garments.
• Some of their prominent markets are:
• TaiwanPeruTunisiaMoroccoBrazilTurkeyBangladeshRussiaChinaSingaporeMalasiyaSri LankaColombiaSpainEgyptSwitzerlandGermanySyriaGreeceGautemalaHongkongU.K.IndonesiaPortugalItalyUSAPhillipinesIsraelKoreaVietnamLebanonMauritiusDubaiArgentina

World Class Knitted Fabrics

• SEL Manufacturing Company Ltd is investing in high-end fabric manufacture in knitted fabrics. The Company has 75 knitting machines including Terrot Autostriper knitting machines capable of knitting jersey and auto-stripe patterns.The Company is augmenting its Knitting capacity to 350 tones a month by procuring latest machines to meet the future requirements of garment capacity in-houseTo meet the challenges of ever growing demand for quality processed fabrics they are setting up a additional 6 tones / day dyeing capacity with mercerizing, open width with Stenter, capable to produce best quality knitted fabric for our growing in house consumption.

Garmenting:

• State of the art Garment manufacturing facilities at 4 strategic locations makes SEL Manufacturing Company Ltd backed up by own spinning and knitting makes us Customer’s choice who looks for Large supplies and short lead time. At present they are producing 600,000 pcs per month.

Intraday Calls 11-03-10

Markets likely to see a flat opening. Support for nifty is at 5075 and resistance at 5145.

• Buy Hindustan Petroleum Corporation Ltd at 340, target: 347. Stoploss: 333.(Stoploss Trigerred)
• Investment Call (2- 4months):Buy SEL manufacturing company. Current market price: 84.25, Long term target: 168.50. Book value: 166.63. P/E ratio: 2.47
• Sell IBrealest FUT 177.55 Target: 174.45/172.95 Stoploss: 180.15
• Sell Maruti FUT 1478 Target: 1469.40/1455.90 Stoploss:1491(1ST Target Achieved

COMMODITY UPDATE

• Sell Silver MCX around 27150-27180 SL-27310 Target-27000/26900/26800
• Sell MCX Gold 16710 Strict SL- 16755 Target 16620

Intraday Call 10-03-10

• Sell Hero Honda Fut 1895 Target 1885/1879/1862 Stoploss 1905(1st Target Achieved,2nd Target Achieved)
• Sell Sesagoa Fut 435 Target 432.60/428.70 Stoploss 437.90(1st Target Achieved, 2nd Target Achieved Book 100% Profit)
• Sell Tata Steel Fut 615 Target 608/604 Stoploss 620.35(Both Target Achieved, Book 100% Profit)

Spice communications to merge with Idea Cellular

Idea Cellular Ltd (Idea) together with its associate namely Green Acres Agro Services Pvt Ltd, currently holds 49.90% equity in Spice Communications Ltd (Spice). The other major shareholder in Spice is TMI India Ltd which holds around 49.0% equity. The balance around 1.1% is held by public. This shareholding is post the open offer formalities under the SEBI Takeover Code completed in the month of October, 2008, full disclosures regarding which were made from time to time under various legal requirements to the Exchange. Through a communication dated June 25, 2008, Spice has, inter alia, communicated to the Exchange that it is proposed to merge Spice with Idea with a swap ratio of 49 shares of Idea for every 100 shares in Spice

COMMODITY UPDATE

• Sell MCX Zinc March at 107.50‐107.80 ranges, Target‐105.40,104.60. stoploss: 108.55
• Buy MCX Crude Oil Above 3720 ranges, Target -3772,3788. Stoploss: 3683
• Buy MCX natural gas March CMP 207.80, Target-212,214 Stoploss-204.80
• Sell mcx Nickel below 1005 sl 1018 target 985 (Book Partial Profit at 995.4)

Intraday Call 09-03-10

Markets likely to see a flat opening. Resistance for nifty is at 5145 and support at 5065.

• Buy Allahabad Bank at 146.45, target: 151. Stoploss: 143
• Buy Tatamotors at 772, Traget 781/800 Stoploss 759(1st Target achieved)
• Sell BANK NIFTY Fut at 9120, Target 9086/9046.Stoploss- 9149( 1st Target Achieved, Book Profit at 9060)

EVENTS 09 MAR-14 MAR

Corporate Actions :

• STRTECH,BON 1:1/FV SPL RS.5TORS.2,Ex Dt: Mar 9 2010,Rcd Dt: Mar 10 2010

Key Events :

NMDC Ltd. FPO opens on Mar 10

DQ Entertainment IPO closes on Mar 10

Corporate Actions :

• GLAXO,DIVIDEND-RS.30/- PR SHARE,Ex Dt: Mar 10 2010,St Dt: Mar 12 2010 End Dt: Mar 25 2010

Corporate Actions :

• BAJAJHIND,AGM/DIV-RE.0.70 PER SHARE,Ex Dt: Mar 11 2010,St Dt: Mar 13 2010 End Dt: Mar 18 2010
• BFUTILITIE,SCHEME OF ARRANGEMENT,Ex Dt: Mar 11 2010,Rcd Dt: Mar 12 2010
• DBCORP,INT DIV-RE.0.75 PER SHARE,Ex Dt: Mar 11 2010,Rcd Dt: Mar 12 2010
• HELIOSMATH,AGM/FIN DIV-RE.1/- PR SHR,Ex Dt: Mar 11 2010,St Dt: Mar 15 2010 End Dt: Mar 25 2010

Key Events :

• NMDC Ltd. FPO closes on Mar 12

Economic Events :

• IIP numbers for January to be out on Mar 12

Corporate Actions :

• CRISIL,DIVIDEND-RS.25/- PR SHARE,Ex Dt: Mar 12 2010,St Dt: Mar 17 2010 End Dt: Mar 18 2010
• GUJRATGAS,DIV - FIN RS.3 + SPL RS.5,Ex Dt: Mar 12 2010,St Dt: Mar 17 2010 End Dt: Mar 19 2010
• VALUEIND,AGM/DIV-RE.1/- PER SHARE,Ex Dt: Mar 12 2010,St Dt: Mar 17 2010 End Dt: Mar 30 2010

DQ Entertainment (International) Ltd - IPO Details

DQ Entertainment Ltd. is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. The company has also forayed into production and distribution of live action television and feature films.

Issue Details Listing NSE & BSE Offer Open date 8th March 10 Offer Close date 10th March 10 Promoter Mr. Tapaas Chakravarti Price Band 75-80 Industry Film Production, Distribution & Entertainment

Shareholding Pre Issue Post Issue Promoters 94.03 75.00 Others 5.97 25.00 Total 100.0 100.0

Financial Snapshot Rs in crore FY09 FY08

Revenues 149.8 128.4 EBIDTA 53.7 25.2 PBT 19.9 8.1 PAT 16.1 7.0

Key Investment Highlights Low-risk business model with diversified revenue streams DQ Entertainment has diversified its business portfolio over the years. It has strategically moved along the animation value chain, gaining greater exposure to intellectual property ownership and distribution. Service revenues comprise revenues from traditional 2D animation, digital 2D animation, 3D animation and 3D game art. IP exploitation revenues comprise revenues from licensing for free and pay televisions, cable television, home videos, DTO, publishing, merchandising and distribution

Robust Order Book DQ Entertainment has a strong order book worth ~USD 95.07 million (Rs. 456.7 crore approx.), providing strong earning visibility. Projects worth USD 28 million (Rs. 1,34.5 crores) are to be executed in FY10 which comprises of 80 % of estimated revenue for FY10.The momentum of revenue growth is expected to be maintained for FY10 and FY11.

Highly developed platforms, infrastructure and systems The company has invested significantly for creating robust IT, technology and management infrastructure, including proprietary ERP solution, which it has developed over the past years. It has developed the flexibility to produce different styles of animation including traditional 2D animation; technology based 2D digital and 3D animation.

Key Concerns Limited experience in IP content creation DQ Entertainment Ltd. has limited experience in this field. Any inability to effectively manage its foray into this field could adversely affect business, prospects, financial condition and results of operations.

Products can have short lifecycles The market for animation entertainment is characterized by short product lifecycles and frequent introduction of new products. Company run the risk of committing resources for the creation of such products and eventually failing to realize anticipated revenues.

Company Background

DQ Entertainment is one of the leading producers of animation, visual effects, game art and entertainment content for the Indian as well as global media and entertainment industry. It The company has also ventured into production and distribution of live action television and feature films. It has an asset base of over 350 hours of animation content from which it can earn revenues through licensing and distribution activities. Promoted by Tapaas Chakravarti and incorporated in the year 2007, DQ Entertainment has gradually moved upwards in the animation value chain, gaining greater exposure to IP ownership and distribution by following a low risk co-production model for content development enabling it to receive license revenue share besides its regular production revenues. DQ Entertainment has also released its first homegrown 3D CGI television series “The Jungle Book” based on the Rudyard’s Kipling epic novel as well as three special TV features “Balkand”, “Omkar” and “Ravan” based on Indian mythology for India and the Indian Diaspora across the globe. Its production capabilities include 10 production facilities in India (8 in Hyderabad and 1each in Mumbai and Kolkata), talent pool of over 2,851 employees, and worldwide thirdparty sales representatives in Paris, Tokyo and Los Angeles. To augment its talent pool, the DQ School of Visual Arts was set up in fiscal 2008 to address the demand for high quality animation and gaming professionals. The School has, centers at Hyderabad, Mumbai and Kolkata and has trained 715 people since its inception DQ Entertainment has won recognition in the form of several awards such as the “Movers and Shakers of 2009”,”The Day Time EMMY 2007 Award”, “ Pulicenella Award” at ‘Cartoons on the Bay’, “Red Herring Top 100 Private Companies Asia 2005” and several other nominations at prestigious events

Intraday Call 08-03-10

• Buy Avaya Global Connect Ltd. 240.25 sl 234 tgt 250 (TARGET ACHIEVED)
• Sell Maruti Fut 1068 Sl 1072 tgt 1060.60/1059.(SL Trigerred)
• Sell LT Fut 1605 Sl 1609 tgt 1593.85/1582.70(SL Trigerred)
• Sell Bank Nifty Fut 9127 Sl 9167 tgt 9100/9044(1st target achieved,

Shiv-Vani Oil & Gas Exploration Services Ltd - Technical View

Shiv-Vani Oil & Gas Exploration Services Ltd is facing strong resistance in the 378-385 range. It has made a triple top formation in this range. A close above 385 can take it higher to 405 levels. it has good support near 365-370 levels.

COMMODITY UPDATE

• MCX Copper : Sell 343 sl 345.80 target 338.
• MCX Crude oil : Sell 3695 Strict sl 3722 target 3636.

Intraday Call 05-03-10

• SELL RELINFRA 1035 SL 1040 TGT 1027 ( TGT ACHIEVED)

• SELL JSWSTEEL 1176.10 SL 1190.10 TGT 1159 (SL TRIGERRED)

• SELL SESA GOA FUT 436.55 SL 441.35 TGT 432.9/428.80 (BOTH TARGET ACHIEVED)

• SELL HDIL FUT 321.30 SL 323.25 TGT 316.05(BOOK PROFIT AT 317 AND LOW 316.55)

Accel Frontline - Technical View Book Profit At 53

Accel Frontline has made a triple bottom at 43 levels. One can enter it at current market price of 47 for a target of 55 with strict stoploss at 42. A bounce from current levels is likely. If it breaks 42, it can head lower to 35.